FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of fair value of derivatives and their classification on consolidated balance sheets

The table below presents the fair value of our derivative financial instruments as well as their classification on our consolidated balance sheets:



	December 31,					Balance Sheet
	2016		2015		Level	Location
	(in thousands)
Liabilities:
Interest rate swaps	$	509	$	2,519	2	Other liabilities

Schedule of estimated fair values of financial instruments not recorded at fair value on consolidated balance sheets

The estimated fair values of those financial instruments which are not recorded at fair value on a recurring basis on our consolidated balance sheets are as follows:



	December 31, 2016				December 31, 2015
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value		Level
	(in thousands)
Assets:
Loans receivable subject to credit risk	$	43,623	$	43,621	$	43,178	$	43,508	3
SBA 7(a) loans receivable, subject to secured borrowings	29,524		29,976		36,646		37,121		3
Other loans receivable	2,593		2,550		3,278		3,189		3
Commercial real estate loan, subject to secured borrowing	—		—		20,338		20,408		3
Liabilities:
Mortgages payable	530,793		516,892		145,072		147,516		3
Junior subordinated notes	25,055		25,173		24,979		25,046		3